Supervalu's turmoil is likely going to be a pretty rich vein for business case studies, judging by the ample analysis going on now. Meanwhile, the company takes another step in its efforts to sell off some or all of its businesses.

Hiring formerWal-Mart executive Craig Herkert as CEO in 2009 (In fairness, the current CEO of a troubled company never does well in reader comments.)

The report also includes a take from BB&T analyst Andrew Wolf, who agreed that Supervalu wasn't ready for retail, and disagrees with the Herkert criticism (he thinks Herkert should've been hired earlier). His two takeaways were that 1) Acquisitions have to be priced fairly, and 2) Retailers should value market share above earnings.

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